Moody’s rating agency
Ratings agency Moody’s Investors Service has sounded the alarm over Kenya’s heightened political and social risks threatening to undermine the government’s capacity to implement fiscal consolidation.
This comes as Kenyan president William Ruto announced that he would withdraw a finance bill, which contained controversial tax hikes, after deadly protests which left sections of the parliament building on fire earlier this week.
The ratings agency said the proposed tax measures were integral to improving Kenya’s fiscal…
